please explain this line of code with summation instruction

• 02/27/2021 at 5:07 PM #162722
  nonetheless

  I came across this in someone else’s strategy and, apart from it being an exit code, I don’t entirely understand what it’s doing.

  Most grateful for an explanation in plain language.

  IF LONGONMARKET AND summation[35](close < close[6]) = 35 THEN SELL AT MARKET ENDIF

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  IF LONGONMARKET AND summation[35](close < close[6]) = 35 THEN SELL AT MARKET ENDIF

   

  

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  02/27/2021 at 5:16 PM #162723
  JC_Bywan

  Hi,

  It checks to be true that close was lower than close[6] during each of the last 35 occurences, it saves you from writing the much longer equivalent condition “close<close[6] and close[1]<close[7] and close[2]<close[8] and … and close[34]<close[40]”

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  JC_Bywan

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  02/27/2021 at 5:26 PM #162724
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  Alright, so it’s basically defining the length of a down trend and at what point it will quit.

  Could be useful, thanks for the explanation.

  

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